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2018-05-17 14:09:41

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$271.87

-0.29 (-0.11%)

14:09

05/17/18

05/17

14:09

05/17/18

14:09

Trump says he doubts China trade talks will succeed, CNBC reports

Speaking to reporters, President Trump said he doubts trade negotiations with China will succeed, according to CNBC. Trump added that China has taken advantage of the U.S. for years on trade. China will not rip off the U.S. any longer, the president proclaimed, according to CNBC. Reference Link

Oppenheimer has initiated an S&P 500 price target of $3,000 in 2018 as it believes the fundamentals - both economic growth and corporate earnings - will likely improve further in 2018. Its price target and earnings estimate do not include any assumptions about what tax reform might ultimately look like.

01/23/18

BOFA

01/23/18NO CHANGEBOFA

S&P 500 2018 year target raised to 3,000 from 2,800 at BofA/Merrill

04/02/18

MSCO

04/02/18NO CHANGEMSCO

Utilities view lowered to Equal Weight at Morgan Stanley

Morgan Stanley equity strategist Michael Wilson said he thinks many of the risks facing the market have now been priced in and he sees value in the S&P, which is currently at the low end of his target near-term range ahead of what will likely be a strong Q1 earnings season. However, he is moving the Utilities sector to Equal Weight from Overweight, stating that this is not a sell call for those who recently bought the stocks but that a tactical overweight after recent relative outperformance no longer makes sense.

SPYSPDR S&P 500 ETF Trust

$271.87

-0.29 (-0.11%)

06/28/17

GSCO

06/28/17NO CHANGEGSCO

S&P 500 price target raised to 2,400 from 2,300 at Goldman Sachs

Goldman analyst David Kostin raised his S&P 500 earnings estimate to $129 from $123 in 2017 and to $139 from $129 in 2018 to reflect strong Q1 results and higher expected growth in Financials and Info Tech. Kostin raised his year-end S&P 500 price target to 2,400 from 2,300 to reflect earnings growth of 9%, offset by a 4% contraction in the forward multiple.